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IBM to acquire Confluent

confluent.io

281–290 of 374 posts

Re: IBM to acquire Confluent

#281

Earlier quoted context omitted.

Gnome has stagnated significantly.

>> Gnome has stagnated significantly. GTK is still alive. It seems like Cosmic desktop with GTK apps will be a reasonable path forward. Of course there's KDE and QT, but I mean as an alternative to those.

Cosmic isn't there yet. I don't use GNOME but at least it works.

Re: IBM to acquire Confluent

#282
post #231

Earlier quoted context omitted.

> they consistently deliver low quality/bottom-tier services and products I worked with IBMers. The main priority for a lot of them is to ensure continuous employment for themselves and their buddies. They'd add unnecessary complexity to a product to stretch out the development for another couple of years. And they work at leisure pace for tech. Actual 9 to 5, many coffee breaks. They can't compete.

"Actual 9 to 5", meaning the standard 40 hour work week? If someone is telling you to work more than 40 hours a week in a salaried position, and they're not paying out the nose , you're being scammed.

RSUs :) //Steve Jobs e-mail smiley

Re: IBM to acquire Confluent

#283
post #272

Confluent was trading at less than 50% of its IPO price when IBM made the offer. The stock and the company has been going sideways for several years now, keeps growing revenues but loses even more as most of it is in Sales and Marketing. In which world is this seen as some sort of extraordinary company that will get sabotaged by IBM. Seems Confluent management knows the writing on the wall, IBM will clean up (fire a…

Not a Hacker News take I would have expected 10 years ago. Today, though. I agree.

Re: IBM to acquire Confluent

#284
post #272

Confluent was trading at less than 50% of its IPO price when IBM made the offer. The stock and the company has been going sideways for several years now, keeps growing revenues but loses even more as most of it is in Sales and Marketing. In which world is this seen as some sort of extraordinary company that will get sabotaged by IBM. Seems Confluent management knows the writing on the wall, IBM will clean up (fire a…

To me it makes sense when it comes to the stock. It's not like someone goes to Robinhood or whatever and goes... Hey you know what's underrated? Kafka! Calls on Confluent!

Re: IBM to acquire Confluent

#285
post #15

Maybe a good time to consider alternatives https://www.redpanda.com/compare/redpanda-vs-kafka

I led the engineering team of a large adtech company (TripleLift - order of hundreds of billions of events/day) and we evolved from self hosting Kafka, to paying a vendor (Instacluster), to migrating to RedPanda. RedPanda was a huge win for us. Confluent never made sense to us since we were always so cost conscious but the complexity/risk of managing a critical part of our infra was always something I worried about.…

Same, small martech company. RedPanda works and the pricing allows actually using the service, plus the “source available” isn’t that limiting if you prefer to run your own stuff. Definitely glad to be off kafka prior to this news!

Re: IBM to acquire Confluent

#286
post #231

This is so fascinating to me. I mean how IBM keeps taking over other companies, but they consistently deliver low quality/bottom-tier services and products. Why do they keep doing the same thing again and again? How are they generating actual revenue this way? Ok, so does anyone remember 'Watson'? It was the chatgpt before chatgpt. they built it in house. Why didn't they compete with OpenAI like Google and Anthropic…

> they consistently deliver low quality/bottom-tier services and products I worked with IBMers. The main priority for a lot of them is to ensure continuous employment for themselves and their buddies. They'd add unnecessary complexity to a product to stretch out the development for another couple of years. And they work at leisure pace for tech. Actual 9 to 5, many coffee breaks. They can't compete.

I do advisory for pre-Series A startups as a last ditch effort to save them.

I do not get the unified industry delusion about "why X company has a bad product". It is usually either one of two things: comfort or ego. Everyone knows that but do not want to say it out loud.

I have seen these happen time and time again. Companies that are cash cow, do not care to do a better job. There is no incentive to do a better job. Moreover, the recurring thing is that if I did something different, I wouldn't have been this much successful in the first place.

The rest of the smart consultants walk on eggshells. They hint at stuff but never want to bite the hand that feeds them because the clients would rather fire you than be challenged.

It is not an IBM thing; it's generic business thing to some degree. I really have to call this a delusion. Good consultants submit generic reports that just tell them what they want to hear. It is not you; it is the economy. Stupid consultants that are well-meaning tell them they should be the best on competitor intel. Do you not think some stupid person did not approach IBM to do what Oracle or AWS is doing? Of course, they did, and they were fired immediately.

The best consultants are less of a consultant and more of a therapist.

After doing only four-month projects for the entire year, this year's realization was that nobody in the industry wants to do better. Everyone is in their place because of ego or a perceived sense of success. Or because of a grand conspiracy theory. IBM has a significant number of government contracts, so they are set for life because the vast majority government IT systems are pigeonholed into IBM systems. The acquisition is to tell the shareholders that we are so successful that we can literally buy companies. We do not even care to do things. Whatever the new thing is, we will buy it at some point.

Re: IBM to acquire Confluent

#287
post #231

Earlier quoted context omitted.

> they consistently deliver low quality/bottom-tier services and products I worked with IBMers. The main priority for a lot of them is to ensure continuous employment for themselves and their buddies. They'd add unnecessary complexity to a product to stretch out the development for another couple of years. And they work at leisure pace for tech. Actual 9 to 5, many coffee breaks. They can't compete.

I'll say this about IBM: because it's so old, it was the most diverse company I ever worked for- including age, nationality, race, sex, and any other category you can think of. Basically you had all types of people in all stages of life, not just young white workaholic tech-bros. The founders are long gone, so everyone there (including CEO) is a professional- meaning nobody has any kind of personal attachment to the…

The awe induced when standing in front of a brand new, kitted out x95 frame with all its drawers full and that special shade of IBM blue on everything is definitely something. Pull out the HMC and just think about how many decades of R&D and experience and tears went into the entire system.

Re: IBM to acquire Confluent

#288
post #237

Earlier quoted context omitted.

> And they work at leisure pace for tech. Actual 9 to 5, many coffee breaks. Ultra-based. We should all be so lucky.

You mean you DONT work a leisurely 6-8 hour day with breaks? I thought everybody did that until there was some urgent firefighting

no you need to be a "cracked engineer" working "7 days a week in our house/office in SF"

Re: IBM to acquire Confluent

#289

Earlier quoted context omitted.

Why in the world would economists need to study this? It's been known that large bureaucracies have been dysfunctional for over a couple of decades now if not centuries. The large reason is because 1) the incentives to do great work are not there (most of the credit for a huge company's success goes to the CEO who gets 100X the salary of a regular worker while delivering usually pretty much nothing) 2) politics usual…

More like we need psychologists to ask "why are companies still working with IBM's efficiencies 30 years after its peak?" The workers don't have to care but the businesses dealing with IBM should.

I may be wrong but I think it's mostly for things like enterprise support in case something goes wrong. IBM has had a large footprint in enterprises (WebSphere MQ, etc). People don't want disruptions in case your own kafka cluster with in-house engineers accountable for everything. So having enterprise support for product/ infra gives a sense of safety. At times rightly so. Depends on a lot of factors- risk appetite, capabilities of in-house engineers, what's at stake, and mostly psychological safety, etc.

Re: IBM to acquire Confluent

#290
post #272

Confluent was trading at less than 50% of its IPO price when IBM made the offer. The stock and the company has been going sideways for several years now, keeps growing revenues but loses even more as most of it is in Sales and Marketing. In which world is this seen as some sort of extraordinary company that will get sabotaged by IBM. Seems Confluent management knows the writing on the wall, IBM will clean up (fire a…

I joined IBM over 40 years ago, like my pappy before me.

My main takeaway from IBM's longevity is just how astonishingly long big companys' death rattles can be, not how great IBM are at running software businesses.

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